---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000034"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:39:53.402833+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WaFd receives regulatory approvals for Luther Burbank acquisition; close by Feb 29, 2024

## Summary
- Received FDIC, Washington State DFI, and Federal Reserve approvals for merger with Luther Burbank.
- Merger expected to close by February 29, 2024; system integration by first week of March.
- Expands WaFd Bank footprint to nine western states with ten California branches.
- Bradley Shuster and M. Max Yzaguirre to join WaFd and WaFd Bank boards upon closing.
- CEO Brent Beardall cites strong alignment and opportunities for combined bank.

## SEC filing metadata
- accession: 0000936528-24-000034
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000034/0000936528-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000034/wfsl-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000034
- JSON: https://secwatch.observer/filing/0000936528-24-000034.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000034.txt

## Key facts
- Executive change
  M. Max Yzaguirre was appointed as Director at WAFD INC.
  - Action: appointed
  - Role: Director
  source text: effective as of the Effective Time and subject to the closing of the Merger, the WaFd Board and the WaFd Bank Board appointed Bradley M. Shuster and M. Max Yzaguirre (the “LBC Director Appointees”), each of whom currently serve as directors of Luther Burbank and LB Savings, to serve until the next annual meeting of shareholders of WaFd at which the class of directors to which each such individual will be appointed is presented to shareholders for reelection.
  evidence_url: https://www.sec.gov/Archives/edgar/data/936528/000093652824000034/0000936528-24-000034-index.htm
- Executive change
  Bradley M. Shuster was appointed as Director at WAFD INC.
  - Action: appointed
  - Role: Director
  source text: effective as of the Effective Time and subject to the closing of the Merger, the WaFd Board and the WaFd Bank Board appointed Bradley M. Shuster and M. Max Yzaguirre (the “LBC Director Appointees”), each of whom currently serve as directors of Luther Burbank and LB Savings, to serve until the next annual meeting of shareholders of WaFd at which the class of directors to which each such individual will be appointed is presented to shareholders for reelection.
  evidence_url: https://www.sec.gov/Archives/edgar/data/936528/000093652824000034/0000936528-24-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.